Fact of the Day: The Trade Deficit Is Getting Worse

Every president promises to reduce the trade deficit, but few come through. The elder Bush did it and Barack Obama did it, but that’s it for the past six presidents. The rest of them just made it worse. In recent years, the trade deficit stayed steady during Obama’s second term at about -2.8 percent, but despite Trump’s widespread imposition of tariffs and his promise to reduce the trade deficit, he was unable to make a dent in it when he took over. In fact, the trade deficit is set to get worse this year, projected to finish at about -3 percent.

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THE TRUTH IS...

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And the truth is, going into the final 4 days of the year we still needed to raise $TK to hit our $350,000 goal and start 2021 on track. It's nerve-wracking, wondering if the big spike we normally see at the end of December is going to be another thing that doesn't go as planned in 2020, or worse, if, now that Donald Trump is set to leave the White House (for longer than a taxpayer-funded golf trip to a property he owns), folks might be pulling back from fighting for the truth and a democracy and think the hard work is done.

It's not, and if you can right now, please consider a year-end donation to support our team's fearless nonprofit journalism so we can close that big fundraising gap and finish the year strong, ready for all that's ahead in 2021. Whether you can give $5 or $500, it all matters in keeping us charging hard, and we'd be grateful.

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